(a) Association captive insurance companies and risk retention
groups shall comply with the investment requirements contained in
article eight of this chapter, as applicable. Subsection (b),
section ten and section eleven, article seven of this chapter shall
apply to association captive insurance companies and risk retention
groups except to the extent it is inconsistent with approved
accounting standards in use by the company. Notwithstanding any
other provision of this article, the commissioner may approve the
use of alternative reliable methods of valuation and rating.

(b) No pure captive insurance company or industrial insured
captive insurance company shall be subject to any restrictions on
allowable investments whatever, including those limitations
contained in article eight of this chapter: Provided, That the
commissioner may prohibit or limit any investment that threatens
the solvency or liquidity of any such company.

(c) No pure captive insurance company may make a loan to or an
investment in its parent company or affiliates without prior
written approval of the commissioner, and any such loan or
investment must be evidenced by documentation approved by the
commissioner. Loans of minimum capital and surplus funds required
by section four of this article are prohibited.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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